Loan amount
$5,400,000
Loan type
Refinance
{Construction}
After Repair Value
$9,500,000
ARV
57%
{ARV}
Property type
Single Family
Borrower Details
Credit score
630
Deal experience
50 deals
This loan scenario was submitted by a Broker
Yes
Property Details
City
Westport
State
Connecticut
Loan Details
Current mortgage balance
$3,200,000
Cost of improvements
$2,200,000
Estimated property value after repairs
$9,500,000
Additional Loan Information
$3 mm existing bridge debt, builder has $3 mm invested thus far, we need add'l $2.2 mm to complete home for sale. Approx $5.2 mm loan total + fees. ARV of $9 mm plus. 6 month construction loan, 3 draws. Please contact ASAP.
Status
Closed
Created
May 3, 2025 - 10:12am
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